Optimystix Entertainment India Ltd IPO
Entertainment
Price Band
₹166 – ₹175
Lot Size
800
Minimum Bid Quantity
1600
Minimum Investment
₹280000
Issue Size
₹108.5Cr
Opens
2026-08-07
Closes
2026-08-11
Listing
14-08-2026
Subscription Status
Qualified Institutional Buyers
1.84 x
Non-Institutional Investor
1.48 x
Retail Individual Investor
2.24 x
Total
1.9 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1JZB01022
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Optimystix Entertainment India Limited is a media and entertainment company engaged in creating and producing content for television, films, and digital platforms. Established in 2000, the company has produced more than 150 television shows comprising over 7,500 hours of original programming across fiction, non-fiction, comedy, crime, reality, and children’s formats. Its television productions include Comedy Circus, Crime Patrol, Laughter Chefs, Baalveer, Rising Star, Saas Bina Sasural, and Ladies Special. The company has also expanded into feature films and digital content, producing films and web series released through theatres and OTT platforms. Its film productions include OMG 2, Khel Khel Mein, The Diplomat, Vicky Vidya Ka Woh Wala Video, and Double XL. Its digital projects include Candy and Lukkha. The company undertakes end-to-end content creation activities, including ideation, scripting, production, and post-production. It operates across multiple content formats and platforms, including television broadcasters, theatres and digital streaming services. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Funding working capital requirements of the company — Rs 64.37 crore General corporate purposes.
Pros
- • The company has over 25 years of experience in the Indian entertainment industry. Since its establishment in 2000, it has produced more than 150 television shows comprising over 7,500 hours of programming across major Indian broadcasters. Its portfolio includes franchises such as Comedy Circus, Crime Patrol, and Baalveer.
- • The company operates across television, films, and digital platforms and across multiple content genres. Its revenue is generated through commissioned television programming, films, digital series, and emerging digital content, reducing its dependence on a single platform or genre.
- • The company has expanded into feature films and OTT content alongside its television business. Over the last 3.5 years, it has produced six feature films and two web series, with its film portfolio including OMG 2, Khel Khel Mein, The Diplomat, and Vicky Vidya Ka Woh Wala Video.
Cons
- • The company is highly dependent on a limited number of broadcasters, film studios, and OTT platforms for its revenue. Its top five customers contributed 85.05%, 78.91% and 99.93% of total revenue in FY26, FY25 and FY24, respectively, while its largest customer, JioStar India Private Limited, contributed 36.21% of revenue in FY26. Any loss of these customers, reduction in their content acquisition budgets or changes in their programming preferences could adversely affect the company’s business and financial performance.
- • The company’s revenues are dependent on the commercial success and audience acceptance of its television shows, web series, and films, which can be difficult to predict as audience preferences can change rapidly. While shows such as Comedy Circus, Crime Patrol, Rising Star, and Baalveer have been significant revenue drivers in the past, there is no assurance that future projects will achieve similar commercial success, and some of its television shows have not been renewed by channels.
- • The company derives a significant portion of its revenue from a limited number of customers. Revenue from its top five customers stood at Rs 114.81 crore, Rs 98.15 crore and Rs 54.73 crore, accounting for 85.05%, 78.91% and 99.93% of total revenue in FY26, FY25 and FY24, respectively, while the top 10 customers contributed Rs 129.33 crore, Rs 123.45 crore and Rs 54.76 crore, representing 95.81%, 99.26% and 100.00% of total revenue, respectively. Any reduction in orders, adverse changes in commercial terms, financial stress, or discontinuation of business by these customers could adversely affect the company’s business and financial performance.
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